Liberty Broadband (LBRDK) Set to Announce Quarterly Earnings on Thursday

Liberty Broadband (NASDAQ:LBRDK) is scheduled to be announcing its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $2.68 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Liberty Broadband (NASDAQ:LBRDK) last announced its earnings results on Thursday, August 8th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $2.51 by ($1.15). Liberty Broadband had a net margin of 81.86% and a return on equity of 8.79%. The business had revenue of $246.00 million during the quarter, compared to analysts’ expectations of $244.25 million. During the same period in the previous year, the company posted $1.71 earnings per share. On average, analysts expect Liberty Broadband to post $8 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK opened at $81.62 on Thursday. The company has a 50-day simple moving average of $71.01 and a 200-day simple moving average of $60.54. Liberty Broadband has a one year low of $46.46 and a one year high of $87.54. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a market capitalization of $11.66 billion, a price-to-earnings ratio of 13.86 and a beta of 1.03.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on LBRDK shares. Rosenblatt Securities increased their price target on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Morgan Stanley increased their price target on shares of Liberty Broadband from $62.00 to $69.00 and gave the stock an “equal weight” rating in a report on Friday, July 19th.

Insider Buying and Selling

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the transaction, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at approximately $838,335.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the completion of the transaction, the insider now directly owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total transaction of $167,454.72. Following the completion of the sale, the chief accounting officer now owns 11,054 shares in the company, valued at $838,335.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by corporate insiders.

Liberty Broadband Company Profile

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.